Wells Fargo‘s interim CEO faced critics at the company’s annual meeting in Dallas. C. Allen Parker was interrupted more than a dozen times during his opening remarks, with hecklers shouting “frauds” and “criminals” as he tried to speak. “Wells Fargo, you cannot be trusted,” one...
Wealthfront’s new cash accounts have brought in $1 billion in customer deposits since the company launched the offering in February. The accounts give customers a higher-than-average, 2.24 percent interest rate. Now, because of the company’s billion-dollar achievement, Wealthfront is raising the interest rates to 2.29 percent. “Once...
Revolut is making some changes to its business practices and company culture as the company aims to move from a startup to a global bank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Wireless carrier T-Mobile is getting into the banking market, announcing Thursday (April 18) the launch of T-Mobile MONEY nationwide, a no-fee, interest-earning, mobile-first checking account that anyone can open and manage from their smartphone. Get the Full Story Complete the form to unlock this article...
A customer looking to open a new bank account is often in for a somewhat bumpy process. There are a lot of redundant forms and, in some cases, a few venue changes. For example, the process might start online, but then the customer is forced...
U.K. bank NatWest has announced a biometric payment technology for its commercial and business customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
Trading slump, yes. Goldman Sachs is still, of course, tied to the vagaries of investors’ back-and-forth on Wall Street, as evidenced by its latest earnings report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Chase announced Monday (April 15) that customers are now able to send gift cards via the Chase Mobile app or website. In a press release, Chase said customers can choose from more than 60 leading retailers to easily send gift cards. The feature comes with...
Shadow banking now has $52 trillion in assets under its belt. FinTech firms are crowding financial services’ flanks, looking for customers who crave mobile means of managing their financial lives. Last week’s Capitol Hill hearing — and our own data on just where we will...
